2610 18Th St, Long Island City, NY 11102
16 Unit Apartment Building | $2,850,000 ($178,125/Unit) | 4.29% Cap Rate | Long Island City, NY 11102
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,850,000
- Property Type
-
Multifamily
- Square Feet
- 9,968 SF
Listing Contacts
John Casella
Verified Profile
- Property Info
Property Overview
PLEASE ALLOW 48 HOURS' ADVANCE NOTICE TO SCHEDULE AN APPOINTMENT TO SEE THIS PROPERTY!
This property is being offered for the first time in over 37 years. It consists of 16 residential apartments. The 16 apartments are very similar in size and layout. Each is a 4room apartment with 2 bedrooms. The apartments are 'box-styled' offering private bedrooms (no walk-throughs). The owners of this property are also selling a 7 Family building with a store (total - 8 units) located 40 feet away at 26-04 18th Street (separately listed for $2,500,000) which they have owned for 53 years. The owners have diligently, self-managed these properties ever since they purchased them many years ago. Both properties are located near every form of transportation, and they are located just 1 avenue south of the infamous Astoria Park.
This property is being offered for the first time in over 37 years. It consists of 16 residential apartments. The 16 apartments are very similar in size and layout. Each is a 4room apartment with 2 bedrooms. The apartments are 'box-styled' offering private bedrooms (no walk-throughs). The owners of this property are also selling a 7 Family building with a store (total - 8 units) located 40 feet away at 26-04 18th Street (separately listed for $2,500,000) which they have owned for 53 years. The owners have diligently, self-managed these properties ever since they purchased them many years ago. Both properties are located near every form of transportation, and they are located just 1 avenue south of the infamous Astoria Park.
Property Details
- Class
- B
- Year Built
- 1912
- Stories
- 4
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 3,485 SF
- Units
- 16
Highlights
- Close to every form of Transportation
- all units are 4 room, 2bedroom, 'box-styled apartments
- 2 new boilers provide Gas steam heat and hot water
- new sidewalk in front of the buildings with new entrance stoop with stainless steel building entrance door; newly paved rear courtyard
- updated electric panels with circuit breakers in basement and each apartment
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